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fourth quarter earningsCNBC
•76% Informative
Starbucks' preliminary net sales fell 3% to $9.1 billion .
Same-store sales slid for its third consecutive quarter , fueled by a 10% tumble in traffic to its North American stores.
The company also suspended its fiscal 2025 outlook, citing the recent CEO transition and the "current state of the business" CEO Brian Niccol aims to reverse slowing demand for Starbucks ' drinks, particularly in the United States and China .
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